Latest News
Anglo American boosted by RBC Capital upgrade
Anglo American got a boost on Monday as RBC Capital Markets upgraded the stock to ‘outperform’ from ‘sector perform’ and lifted the price target to 1,000p from 800p saying the tide is turning for the investment case.
Nanoco signs 'game changing' quantum dots deal with Merck
Nanoco has agreed a non-exclusive licence with Merck for the German chemicals giant to immediately begin marketing the UK minnow's products as part of its display screens offering for LCD TVs and smartphones.
Senior first half hit by sharp fall in Flexonics unit
A tough six months in the US for Aerospace engineering firm Senior's Flexonics division saw half year pre-tax profits fall 28% to £32. 6m.
Eurozone manufacturing PMI edges lower in July
Markit’s final eurozone manufacturing purchasing managers’ index nudged down to 52. 0 in July from 52. 8 in June.
Qatar Airways increases stake in IAG to 20.01%
Qatar Airways took advantage of the current weakness in IAG´s shares to increase what it described as a "purely financial" investment.
Numis cuts Fidessa to 'add' from 'buy' on uncertain outlook post Brexit
Numis cut its rating on Fidessa Group to ‘add’ from ‘buy’ on Monday and raised the target price to 2870p from 2800p after the company reported its first half results.
Need to consider more data before deciding on interest rate hike, Fed´s Kaplan says
The US central bank needs to consider more economic data before it decides to embark on increasing interest rates again, a top official said.
Acacia Mining buys out partners in West Kenya
Acacia Mining posted an exploration update on Monday, announcing that it has continued to enhance and expand its exploration portfolio through an agreement to accelerate the earn-in on the West Kenya Joint Venture licences in Kenya.
Europe open: Stocks push higher; banks in focus after stress tests
European stocks rose in early trade as Friday’s weak reading on second-quarter US economic growth prompted investors to scale back their expectations of a rate cut by the Federal Reserve.
Fidessa confident despite Brexit uncertainty
Fidessa posted its interim results for the six months to 30 June on Monday, with its board describing solid revenue growth, and growth across all business lines and regions.
Chinese July manufacturing PMI points to growth for first time since February 2015
Activity in China´s manufacturing sector grew again in July for the first time in a year, pointing to continued economic momentum in the third quarter of 2016 according to some economists.
Tritax Big Box completes Erith facility and extends £51m loan
Tritax Big Box announced on Monday that, following completion of the Ocado distribution warehouse at Erith, the board of the real estate investment trust has agreed terms to extend the maturity of its £50. 866m loan facility.
No evidence of misconduct with Unaoil, says Petrofac investigation
Petrofac reported on Monday that it has concluded the independent investigation commissioned by the board into allegations in the media related to the historical provision of services to the company by Unaoil, a Monaco-based company.
RBS capital ratio falls to 8.1% after EU stress test
Royal Bank of Scotland said its capital ratio fell by 7. 5 percentage points to 8. 1% under an EU stress test of 51 lenders in the eurozone and the rest of the EU.
London open: FTSE floats higher ahead of manufacturing data print
London stocks opened higher on Monday as investors look ahead to some key manufacturing data later in the day and the Bank of England rate announcement on Thursday.
Allied Minds investment SciFluor gets nod from FDA
Life science and technology investor Allied Minds announced on Monday that one of its key subsidiaries, SciFluor Life Sciences, has achieved the necessary scientific and regulatory milestones to enter clinical trials.
Vedanta reports stable production in first quarter
Vedanta Resources posted its production numbers for the first quarter to 30 June on Monday, with production stable and the contribution from Mangala Enhanced Oil Recovery - the world's largest polymer EOR program - increasing to 42 kboepd.
Ultra Electronics H1 profit up; says Brexit may delay government contracts
Defence and engineering firm Ultra Electronics reported a rise in first-half pre-tax profit but said Brexit could affect the government’s commitment to major defence projects.
Lloyds capital ratio falls to 10.1% under EU stress test
Lloyds Bank said its core equity Tier 1 (CET1) capital ratio fell to 10. 1% under an EU-wide stress test of 51 banks, compared with a 2015 year-end position of 13%.
Ecobank drags on Nedbank earnings growth, says Old Mutual
Old Mutual’s majority-owned South African banking subsidiary Nedbank released its interim results for the six months ended 30 June on Monday, with headline earnings growth of 2% to ZAR 5. 427bn (£294. 56m).